Subject: File No. 4-606
From: Richard P Shanahan
Affiliation: Certified Financial Planner

August 18, 2010

Dear Ms. Murphy,

I am a Certified Financial PLanner associated with Raymond JAmes Financial Services. I have over 225 clients and approximately $60 million of assets under managment.

I am writing to voice my support to the proposal to extend the Advisors Act fiduciary standard of care to all financial professionals.

There is an absolute need to eliminate the confusion that people are faced with as they undertake the task of obtaining financial guidance.

Trying to figure out the financial world is difficult enough for many people without trying to figure out the qualifications of the person guiding them.

Thank you for you consideration.

Richard Shanahan
5 Shore Drive
Branford, CT 06405